Exhibit 99.16 MBNA MASTER CREDIT CARD TRUST II SERIES 1996-D KEY PERFORMANCE FACTORS December 31, 1996 Expected B Maturity 05/15/01 Blended Coupon 5.7885% Excess Protection Level 3 Month Average 5.42% December, 1996 5.54% November, 1996 5.47% October, 1996 5.26% Cash Yield 17.30% Investor Charge Offs 3.97% Base Rate 7.79% Over 35 Day Delinquency 4.52% Seller's Interest 17.12% Total Payment Rate 11.85% Total Principal Balance $23,372,253,332.68 Investor Participation Amount $1,000,000,000.00 Seller Participation Amount $4,000,325,814.19